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Month: August 2017

According to the latest surveys by major insurers, small to medium sized businesses have a number of critical gaps in their insurance coverage. The reasons for gaps vary; not fully understanding how certain coverage applies to their business, buying insurance from a captive agent who can’t provide the coverage, thinking their commercial coverage provides the coverage, and finally believing they don’t have the risk.

Business Insurance For Your Organization

Here are the coverage’s you should consider to make sure you are adequately protected.

Pollution Liability- Protects against the liability that comes with polluting the environment including restoration and cleanup, liability for injuries and deaths caused by pollution.

Cyber Liability- Cyber liability is the risk posed by conducting business over the Internet, over other networks or using electronic storage technology. It covers third party losses from hackers, theft, and loss of information including sensitive client or individual personal information.

Directors & Officers Liability– Covers costs, damages, and defense protection to directors and officers of a company resulting from law suits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.

Employment Liability– Employment Liability provides protection for an employer against claims made by employees, former employees, or potential employees. It can cover discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations.

Professional Liability– Insurance that is designed to cover third party claims, damages and claims arising out of providing professional advice. Many firms create legal obligations arising out of a professional’s errors, negligent acts, or omissions during the course of providing services to clients.

We are ready to help you better understand your risks. Please call our office today.

If you own a home or rent, you need the right kind of homeowner’s insurance. Homeowner’s insurance is needed to protect yourself, your family, and your property from loss and/or damage. We can provide you with many homeowner’s or renting insurance options. Let us do the shopping for you.

Do not place your homeowner’s insurance at risk!

Pay your insurance premiums on time. A poor payment history of constant late payments may encourage the insurance company to cancel your coverage.

Do not file an excessive number of claims. No doubt, you buy insurance to pay for covered claims or losses. However, if you nickel and dime the insurance company, they may be apt to not renew your coverage, or offer a policy with a higher deductible or at a much higher premium.

Having a high risk is costly. If you own a pool, have an old home where the wiring or roof has been neglected, or own certain breeds of dogs, you may not get the most competitive rates.

Criminal activity. If you have been convicted of certain crimes, your insurer may not offer a renewal. These activities might include assault, drug convictions, or fraud.

Be completely honest on your application. If it is found that the information on the application is dishonest or intentionally incorrect, you may be subject to a non-renewal.